Tesla, Inc. (TSLA) Daily with √ 2 support, resistance, and angles.
As we predicted, the bearish dragon pattern (red) is unfolding to pull the price down to approx. FR 0.786, almost the bottom of the pennant (gray). If it breaks, what's the next target? Because Gann Square works well, we could focus on its crucial component - two Gann Fans 1 X 1 (blue). Interestingly, the crosspoint of the two Gann Fans coincides with the FR...
On top of what could be a relief rally or a tentative bull run, a Bearish Dragon Pattern is unfolding, with active OI in Binance rapidly decreasing (indicator pane). Typical TP is FR 0.786, but if it breaks the channel and re-enters the pennant this time, I'd like to point out the possibility of passing down through it to reach, e.g., 1.272. The green ark would...
This is just a sketch. BTC is at the intersection of the arcs. It seems it's confined within. As always, meaningful moves would be after CES a couple of hours later. If the Gann Square works as expected, the more straightforward direction for BTC to go is down. In addition, the bearish dragon pattern of my previous idea hasn't unfolded completely. I have been...
This is supplementary to my previous idea. If you don't like Gann Square and Arcs, ignore them, or skip this article. But how about the case where this upside was merely a fake out of the pennant? In the previous idea, I introduced a bearish scenario with an Elliott-wise impulsive movement. Considering the arc S&R, or the overall diagonal movement, it could also...
I squared the chart added fib circles. based off this idea, today October 3rd could be a major pivot point, either longs take control and break above resistance or the bears are back in action, pulling the price downwards.
The sign of weakness began to appear on the dollar index with the look of wave analysis . and by classical analysis we are on a strong resistance - channel upper band - so we are waiting for the landing .
Wave counts corrected. The uppermost W wave begins with a zigzag whose first part is a diagonal triangle with a thrust, followed by wave X adjacent to wave Y, which is also counted as a triangle. The whole structure can be counted as a diagonal triangle ABCDE instead of the triple zigzag WXYXZ, in which case a thrust will likely appear at the end of wave E....
Just an idea. Including revisions on previous ideas. WXYXZ: Elliot triple combo waves (ex. a triple zigzag) WXY: Elliot double combo waves (ex. a double zigzag) Basic principle: If a wave is a zigzag, it comprises three waves decomposed as 5-3-5. If WXY or WXYXZ is a zigzag, W, Y, and Z are each a zigzag. W, Y, and Z waves can each be a double or triple...
This is an update from my previous posts (see related ideas below). A huge double-top is set up, so we would see a new low if support is broken. On the other hand, we could also see a bullish dragon (green triangle; double-bottom and diagonal resistance). -Short to Middle-Term Bearish Scenario Maybe considerable downfall, but where to land? Speculation....
This is an update from my previous post (see the related ideas below). The arc support, Fibonacci extensions' 0.786 of the large H& S, is now lost. The red candle is testing the bottom of the channel. A rebound is possible here but considering the absence of the arc's support, together with the established larger and smaller Head and Shoulders, the price...
With the Etherium merge complete, the predicted dump might be incoming. TA-wise, Gann square played out perfectly and still indicates support levels that could be relied upon based on the previous prediction result. Watch Gann Fan* 1 x 3 (green) if the price further goes down through the crosspoint of the arcs. Because significant support lines are absent...
Update from the previous idea. The above image is the linear version. As we expected, Gann square and arcs stand in the way. I emphasized some arc colors, but basically no change to the drawing itself. The breakthrough here would be a surge, but it doesn't necessarily seem likely.
This is an elaboration of my previous idea about the ETH's resistance levels, this time using Gann Square (and arcs). As can be seen, every arc and fan behaves as support & resistance. White diagoanl line is Gann 1 x 1. Trends above it are sad to be strong, and trends below it are weak if the square is properly applied. Overall, this Diagram shows how...
I go through my currency pairs and analyze them while listening to music and talk to you guys. *not a financial advisor*
Important LEVELS. Near Support 33333 More levels on Chart. horizontal lines are Support/Resistance . Vertical lines are time pivots . Appreciate your Comments. GL